Actually, there are also some other African countries sharing the same situation or even worse. Due to the similarity in the developing process of Ghana and those African countries, if a solution for Ghana's economic hardship is found, it may also be applied to the African countries that are facing the same problem. ... First, Ghana's underdeveloped economy today can be greatly attributed to the regionally skewed distribution of colonial development. ... Also, the drastic difference in modernization between these two regions brings great difficulty to the country, for the more modern...

• Word Count: 1713
• Approx Pages: 7
• Grade Level: Undergraduate

ECLAC maintains country offices in Bogotá, Brasilia, Buenos Aires and Montevideo, and a liaison office in Washington, D.C. ... Specifically, industrialized nations were selling increasingly expensive manufactured goods to the periphery in return for raw materials at increasingly unfavorable terms of trade for underdeveloped countries. ... Economic exploitation and political manipulation by rich countries presented a good explanation for the underdeveloped condition of many Latin American countries. ... While dependency theory highlights some truths - e.g., the consequences, particularly...

• Word Count: 1742
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The country is also at a high level of international debt, in the hope for long term investments. ... Ownership and resources The state owns most of the industry and land in the country. ... Around 80% of the population lives in the country, mainly being in the industry of rice growing. ... Foreign company are having problem trying to deal business with the country's underdeveloped commercial law. ... They are insisting on expanding trade and investment links between the two countries. ...

• Word Count: 872
• Approx Pages: 3

According to Lohan (2004) if people in a country die at a young age due to preventable diseases, a country cannot be regarded as a developed country, similarly if most people in the country cannot read and write and does not have access to clean water and enough income to afford basic amenities of life. ... Trade liberization for underdeveloped economies have proven to have some serious side effects as it may lead to dumping of cheap and substandard products into the developing countries markets by the developed countries which undermines local industries that produce the same products. ... As...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

Although the term its self is not used often, one can clearly see the effects of Neo-liberalism in a country like the U.S for example. ... Even though some countries found that buying into to such a system would be much easier than opposing it, other countries realized they didn't have a choice and/or were pressured with threat of sanctions and penalties to adopt a neoliberal set of morals and principles. ... Look at the United States in Iraq for example, when the U.S invades a country like Iraq in the name of neoliberalism, it promises to raise standards of living, spread democracy and b...

• Word Count: 2010
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. ... The country even experienced a food shortage so that it had to heavily rely on the foreign aid. ... However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. ... This boom in imports of the world reflected the fact that the industrialized had not yet erected import barriers against exports from developing countries and were, on the contrary, quite active importers of cheaper goods from Newly ...

• Word Count: 2573
• Approx Pages: 10
• Grade Level: Undergraduate